Feasibility/ Innovation Grant

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Feasibility Study Grants are designed to assist the promoter with researching market demand for a product or service and examining its sustainability. It includes assistance with innovation including specific consultancy requirements, hiring of expertise from third level colleges private specialists, design and prototype development.

The maximum Feasibility Study Grant payable for the S&E Region shall be 50% of the investment or €15,000 whichever is the lesser. The maximum Feasibility Study Grant payable for the BMW Region shall be 60% of the investment or €15,000 whichever is the lesser. 

Expenditure may be considered under the following headings:

  • Market Research
  • Consultancy Costs
  • Technical Development/Prototype/Innovation
  • Salary/Own Labour Research
  • Miscellaneous Costs

What is a Feasibility Study Grant?

The aim of a Feasibility Study Grant is to help start-up companies or individual entrepreneurs with the cost of researching their proposed business or new business idea to see if it could be viable and sustainable. The study should help the promoter to reach firm conclusions about their business idea and give them the information they need to draw up a full business plan. The Local Enterprise Office will consider making feasibility study grants to applicants whose potential new business or service may be eligible to apply for further grant assistance from the LEO if the business goes ahead.

Application procedure

Applications are considered on a case by case basis. Before submitting an application, you need to complete a Grant Expression of Interest Form, so we can assess your needs. A member of our office will be in contact with you to discuss the next steps

Check the Eligibility Criteria Here

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